DryShips has improved its earnings, thanks to an overall better rate scenario.
The New York-listed owner posted a $5.8m profit for the fourth quarter, up from a $1.8m net payout during the same period last year.
The Greek company's revenue came in at $49.3m versus $42.6m, backed by the average daily charter rate across its three segments bettering to $12,765 from $11,763.
Its tanker rates more than doubled to $13,375 while dry bulk rates slipped by about $500 to $21,777 and those for its gas carrier fleet were more than halved to $3,122.
Overall expenses ticked up to $5.2m from $5.1m.
The company's profit took a $2m hit in the form of impairments and drydocking expenses.
The company owns 19 dry bulkers, six OSVs, five tankers and one VLCC.
